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CUSIP No. 29287R103 | | Schedule 13G | | Page 6 of 9 |
(a-c)
The ownership information presented below represents beneficial ownership of Common Shares of the Issuer as of the date hereof, based upon 15,364,425 shares of Common Shares outstanding as of July 25, 2021.
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Reporting Person | | Amount beneficially owned | | | Percent of class: | | | Sole power to vote or to direct the vote: | | | Shared power to vote or to direct the vote: | | | Sole power to dispose or to direct the disposition of: | | | Shared power to dispose or to direct the disposition of: | |
Stuart D. Porter | | | 1,780,821 | | | | 9.9 | % | | | 0 | | | | 1,780,821 | | | | 0 | | | | 1,780,821 | |
Three Curve Holding Corporation | | | 1,780,821 | | | | 9.9 | % | | | 0 | | | | 1,780,821 | | | | 0 | | | | 1,780,821 | |
Three Curve Capital LP | | | 1,780,821 | | | | 9.9 | % | | | 0 | | | | 1,780,821 | | | | 0 | | | | 1,780,821 | |
The amounts reflected in the table above consists of (i) 264,155 Common Shares held of record by Mr. Porter, (ii) 866,666 Common Shares held of record by Three Curve LP, and (iii) 650,000 Common Shares issuable upon exercise of a warrant held of record by Three Curve LP.
Pursuant to the terms of the warrant, Three Curve LP may exercise the warrant only to the extent that doing so would not result in the Reporting Persons becoming the beneficial owners of more than 9.9% of the then-outstanding Common Shares, after accounting for the Common Shares to be issued at the time of any such warrant exercise.
Mr. Porter is the sole shareholder of Three Curve Holding Corporation, which is the general partner of Three Curve LP. As such, each of the foregoing entities and Mr. Porter may be deemed to share beneficial ownership of the securities held of record by Mr. Porter and Three Curve LP. Each of them disclaims any such beneficial ownership.
ITEM 5. | Ownership of Five Percent or Less of a Class. |
Not applicable.
ITEM 6. | Ownership of More Than Five Percent on Behalf of Another Person. |
Not applicable.
ITEM 7. | Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company. |
Not applicable.
ITEM 8. | Identification and Classification of Members of the Group. |
Not applicable.